In an op-ed, Profs Cooley & Schoenholtz explain why the US should end the era of big bailouts

— January 25, 2013

Excerpt from The Huffington Post -- "In December, the U.S. and the UK took a significant step in that direction, announcing a common strategy for resolving insolvent cross-border financial giants, known as global systemically important financial intermediaries (G-SIFIs). In spite of this progress and the Dodd-Frank law notwithstanding, the specter of 'too big to fail' still haunts the financial landscape."